Confectionery major Mondelez has abandoned talks to buy candymaker Hershey, two months after the US chocolate company turned down its $23 billion cash-and-stock bid.
"Following additional discussions, and taking into account recent shareholder developments at Hershey, we determined that there...
Kraft Foods' executive vice president and chief financial officer (CFO) Timothy R McLevish, 55, will be leaving the company in mid-2011 to pursue opportunities in general management. He will officially shift his CFO responsibilities to David Brearton, 50, currently...